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IAG steps up IoT focus with Myriota investment

02 September 2021

Firemark Ventures, IAG’s corporate venture capital arm, has made its first investment in Internet of Things technology with the acquisition of a minority stake in Myriota...

Insurers sign open letter backing path out of lockdown

01 September 2021

Australia’s four largest insurers are among leading companies that have signed an “open letter from the business community” urging governments to work together to implement the national plan for charting a path out of the current COVID-19 lockdowns...

The Star appeals Federal Court BI decision

01 September 2021

The Star Entertainment Group has lodged an appeal against a Federal Court decision that found insurers including Chubb did not have to cover a business interruption claim for losses resulting from COVID-19 restrictions...

Locked-down Auckland hit by flood emergency

31 August 2021

Insurers have received an influx of early claims and expect many more to be lodged after torrential rainfall overnight caused severe flooding and damage in West Auckland, hitting a region that remains under stringent COVID-19 restrictions...

Hollard-backed disruptor gears up for NZ, UK expansion

31 August 2021

Hollard-backed Open, the insurtech behind the Huddle brand, is gearing up to launch in New Zealand this Christmas period and in the UK next year after raising $31 million in new capital from investors...

AFCA backs broker after truck damage not covered

31 August 2021

The Australian Financial Complaints Authority has ruled in favour of a Community Broker Network authorised representative after a dispute sparked when a truck was damaged during a brief period when the vehicle had been removed from a policy...

Zurich offers paid gender affirmation leave

31 August 2021

Zurich Australia and New Zealand is offering four weeks paid leave and other support measures under a gender affirmation policy that represents another step in facilitating a diverse and inclusive workplace...

Tasmania looks to ditch fire insurance levy

27 August 2021

The Tasmanian Government has opened consultations on proposed fire and emergency services reforms that include ending funding provided through a levy on insurance premiums...

AIG wins dispute over unoccupied property

27 August 2021

AIG was entitled to decline a claim related to copper piping and electrical wiring theft from a refrigerated warehouse as the property, which hadn’t been let due to COVID-19 issues, had been unoccupied for more than 90 days, the Australian Financial Complaints Authority has ruled...

COVID BI provisions, cat costs constrain industry earnings

26 August 2021

The general insurance industry achieved slightly better results for the year to June 30 despite the continued effects of the virus pandemic and catastrophe claims on earnings, according to the latest statistics update from the prudential regulator...

AUB earnings jump in extraordinary year

26 August 2021

AUB Group earnings have jumped as increases in commercial line premiums contributed to a stronger result from the key Australian broking division...

Outlook reveals spring bushfire risk

26 August 2021

Grass and crop growth in south-east Queensland and northern NSW, along with plentiful grass and dry soil in the north of WA, are creating above normal fire potential conditions in those areas as Australia heads into spring...

NIBA postpones annual convention to 2022

26 August 2021

The National Insurance Brokers Association annual convention has been rescheduled to February 7-21 as Sydney, Melbourne and Brisbane all battle COVID by restricting social gatherings...

'Broker culture is key', compliance committee warns

25 August 2021

The Insurance Brokers Code Compliance Committee will continue to push for improved practices and conduct from intermediaries as its latest code report shows a “concerning” drop in the percentage of subscribers self-reporting breaches...

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